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A Potential Radio Royalty Pain

Guggenheim says the Internet Radio Fairness Act has a 30% chance of passing.

July 26, 2013

Guggenheim Securities

Thursday afternoon, House Democrat Mel Watt (N.C.) said he would soon introduce a bill that would require terrestrial radio stations to begin paying royalties for the first time to owners of sound recordings.

Radio stations currently pay royalties to song publishers, but not sound-recording owners.